Grade A warehouses: Next big thing in industrial real estate; market to record highest ever absorption in 2022

By Sandeep Chanda India’s warehousing sector has undergone multiple evolutions from a largely unorganized and asset-heavy industry to one of the nascent sectors of the national economy. With the sector playing a crucial role in maintaining a constant momentum of the companies’ supply chain, the demand for warehouses has witnessed a healthy incline. According to … Read more

Cambridge’s Newnham Is a Coveted Enclave Full of Period Homes—and Surplus of Nobel Prize Winners

King Charles III, Charles Darwin and Professor Stephen Hawking, three of the most famous British names in the world, spent part of their lives as residents of Cambridge, England. The city 50 miles north of London, with a modest population of 150,000, is in the county of cambridgeshire in East Anglia. It is 50 miles … Read more

American homebuyers find UK bargains, discounted by a weaker pound

Street in the Chelsea district, London Alejandro Spatari | Moment | fake images US homebuyers are hunting for bargains in the UK as a weaker pound contributes to double-digit price cuts. The fall of the British currency, which is down 17.5% against the US dollar year to date, has made UK real estate cheaper for … Read more

Cities push to convert deserted office buildings into housing

Cities and states across the country are seeking to transform empty office buildings into housing, a solution to both empty downtown areas and a housing shortage. Why it matters: Commercial districts with little or no residential presence have become near-ghost towns during the pandemic, blighting the urban landscape and detrimental to local businesses like shops … Read more

New York Life to further invest Rs 196 crore in Max Estates’ commercial project in Noida

US-based New York Life Insurance Company will invest over Rs 196 crore in a commercial project being developed by Max Estates in Noida. In November 2020, the real estate arm of Max Ventures & Industries Ltd (MaxVIL), Max Estates, contracted with New York Life to develop a 7 lakh square foot commercial project ‘Max Square’ … Read more

UK mortgage borrowers are in for a nasty shock from soaring rates

London CNN Business — Millions of mortgage borrowers in the United Kingdom they are preparing for big increases in their monthly payments as a result of the run on the pound. Markets have been in turmoil ever since UK finance minister Kwasi Kwarteng announced the biggest tax cuts in 50 years on Friday, along with … Read more

Carbon farming set to see value of ‘flogged out’ rural properties skyrocket, say land valuers

In the Australian outback, years of drought have left many rural properties ‘battered’ or degraded, but experts say their value will now skyrocket due to their carbon potential. Carbon farming, a practice that focuses on the removal of livestock to regenerate bushes to store or sequester carbon, is an important pillar of efforts to reduce … Read more

Lowe’s Tests Interactive Virtual Models of Two Stores

home improvement retailer Lowe’s Cos. said it created interactive and immersive 3D models of two of its US stores to gain better visibility into inventory data and store layouts. The models, also known as digital twins, are essentially completely virtual versions of physical stores, updated in real time with information from sensors and point-of-sale devices … Read more

Festive season to add sparkle to real estate – Here’s why

The holiday season is back and, as always, the real estate sector has begun to bet heavily on it. More so because this is an opportune time to liquidate unsold inventory and recoup most of the losses incurred during the Covid-induced lockdowns. Fortunately, home sales have recently started to recover due to a number of … Read more

Home buyers are canceling purchase contracts. What to know before you do

Steve Pfost | News | fake images Amid higher interest rates and a weakening housing market, homebuyers continue to back out of purchase contracts at a high rate. Some 64,000 home purchase deals were canceled in August, according to a new report from Redfin. That is equivalent to 15.2% of housing contracts started during the … Read more